Trump’s Most Chilling Economic Lie
 by    Joseph E. Stiglitz

The very Americans who have been among the losers of globalization stand to be among the losers of a reversal of globalization—including a trade war. History cannot be put into reverse. Technology has proceeded in a certain way based on the premise of global supply chains. Disrupting the global supply chains would be costly and would increase the prices of goods that Americans buy—especially the mass-marketed goods that have kept prices so low for the goods purchased by ordinary Americans.


 (IT) Inflation  = more money chasing fewer goods, and therefore prices increase...